Income-Producing Duplex in Downtown
204 E Fremont Avenue Spartanburg, SC 29303
For Sale
$144,900
MULTI_FAMILY - Spartanburg, SC
Property Size1,245 SF
Lot Size0.25 Acres
Price / SF$116.39
Days on Market130
Property Features for 204 E Fremont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Rooms
Bedroom 2, Bedroom 1
Parking features
Off Street
Standard status
Active
Size
1,245 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
986
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Listing Agency:
Summey & McKillop Realty, LLC
(864) 909-6975
Listed By:
Brandon McKillop · License #67162
(864) 590-4921
Added: Mar 21
Changed: Jul 9
Last Checked: Jul 28 at 5:06AM
MLS# 334928
Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing duplex is located in downtown Spartanburg, adjacent to Chapel Park and in an area with new development. Situated at 204 A&B Fremont Ave, the property features two separate units, each equipped with private entrances, kitchens, and bathrooms. Unit A was renovated in 2024 and includes new vinyl windows and two mini-split systems for heating and air conditioning. Unit B has been occupied by the same tenant for over 15 years. The property is suitable for investors or owner-occupants, offering rental income potential in a location near shopping, dining, schools, and major highways. The property size is 1245 square feet and the lot size is 0.25 acres.
Key Highlights
- Income‑producing duplex in downtown Spartanburg beside Chapel Park
- Two separate units with private entrances, each with a kitchen and bathroom
- Unit A renovation in 2024 with new vinyl windows and 2 efficient mini split systems for heat and air
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.7k | $13.44 |
| − Vacancy | −$837 | −$0.67 |
| EGI | $15.9k | $12.77 |
| − OpEx | −$4.8k | −$3.83 |
| NOI | $11.1k | $8.94 |
1,245 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$159.0K
$139.1K – $185.5K
NOI $11,127 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$146.4K
$128.1K – $170.8K
NOI $10,250 @ 7.0% cap · market cap 7.07%
Theoretical Best
Warehouse
$966.5K
$845.7K – $1.13M
NOI $67,656 @ 7.0% cap · market cap 46.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex with rental income potential near downtown amenities.
Where is this duplex located?
The property is located at 204 E Fremont Avenue Spartanburg, SC.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Income‑producing duplex in downtown Spartanburg beside Chapel Park; Two separate units with private entrances, each with a kitchen and bathroom; Unit A renovation in 2024 with new vinyl windows and 2 efficient mini split systems for heat and air
